the real world

Wait — So GM Didn't Pay Back All The Bailout Money?

Last spring, now-former General Motors CEO Ed Whitacre ruffled a lot of feathers in Washington by airing a TV commercial where he claimed that the bailed-out car company had repaid “government loan in full, with interest, five years ahead of the original schedule,” without mentioning that taxpayers still owned 61% of GM. Today, new GM CEO Dan Akerson opted for a more honest approach, not only admitting that his company still owes billions to the government, but that it’s going to take “several years” to pay it back.


Saving Tips For Recent Graduates

Saving Tips For Recent Graduates

  • Keep the end goal in mind: “[Money] is most useful when you are old because it makes all the difference whether you wait for a bus in the rain to get to the doctor’s appointment or you ride in a cab.”